Nepal Rastra Bank has declared cryptocurrency trading and mining illegal since 2017, with reinforcement in 2021. There are no legal frameworks supporting crypto activities in Nepal.
| Status | Banned |
| Risk Score | 82/100 (Very High Risk) |
| Region | south asia |
| Currency | NPR |
| Capital Gains (Personal) | N/A - crypto banned |
| Capital Gains (Corporate) | N/A |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | NRB |
| Framework | NRB declared crypto trading illegal (August 2017); expanded ban to all virtual currencies (January 2022); based on Foreign Exchange (Regulation) Act 1962 and NRB Act 2002 |
| Ease | very_complex |
No detailed enforcement information available
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | grey_list |
| FATF Body | APG |
| Suspicious-Activity Reporting | No |
Status: Banned
Status: Banned
Status: Banned
| Legal | No |
| Electricity Cost | $0.06/kWh |
| Renewable Energy | 90% |
| Infrastructure | fair |
Crypto mining is banned by Nepal Rastra Bank since 2017, reinforced in 2021. Despite low electricity costs and high renewable energy share, mining is illegal.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 34/100 |
| Banking Access | restricted |
Risk Factors
Nepal has moderate political stability with no OFAC/EU/UN international sanctions. Corruption Perceptions Index ~34/100 (2024). Active FATF grey list with blacklisting warning from APG as of May 2026. Geopolitically exposed via India dependency ($10.5B remittances/year). No FX sanctions but capital controls limit crypto business access.
Nepal Rastra Bank has declared cryptocurrency trading and mining illegal since 2017, with reinforcement in 2021. There are no legal frameworks supporting crypto activities in Nepal.
Nepal is classified by FATF as: grey_list.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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